SEC Form 4 · accession 0001127602-17-001936
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheryl Sandberg
Officer — Chief Operating Officer · Director
Period of report
Jan 15, 2017
Accepted (ET)
Jan 18, 2017 · 7:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001326801
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jan 15, 2017 | C | 74,940 | $0.00 | A | 2,945,900 | D | |
| Class A Common StockF2 | Jan 15, 2017 | F | 39,104 | $128.34 | D | 2,906,796 | D | |
| Class A Common StockF3 | Jan 18, 2017 | C | 52,404 | $0.00 | A | 2,959,200 | D | |
| Class A Common StockF5 | Jan 18, 2017 | S | 47,527 | $127.516 | D | 2,911,673 | D | |
| Class A Common StockF6 | Jan 18, 2017 | S | 4,877 | $128.0291 | D | 2,906,796 | D | |
| Class A Common StockF7 | Jan 18, 2017 | S | 47,302 | $127.4857 | D | 2,859,494 | D | |
| Class A Common StockF8 | Jan 18, 2017 | S | 9,294 | $127.9636 | D | 2,850,200 | D | |
| Class A Common StockF9 | holding | — | — | — | 23,824 | I | By Sheryl K. Sandberg, Trustee of the Sandberg-Goldberg Family Trust Dated September 3, 2004 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU) (Class B)F10,F11,F12 | — | Jan 15, 2017 | M | 74,940 | D | — | Mar 24, 2021 | Class B Common Stock | 74,940 | 224,821 | D |
| Class B Common StockF12 | — | Jan 15, 2017 | M | 74,940 | A | — | — | Class A Common Stock | 74,940 | 74,940 | D |
| Class B Common StockF12,F13 | — | Jan 15, 2017 | C | 74,940 | D | — | — | Class A Common Stock | 74,940 | 0 | D |
| Stock Option (Right to Buy Class B Common Stock)F14,F12 | $10.388 | Jan 18, 2017 | M | 52,404 | D | — | Jul 22, 2020 | Class B Common Stock | 52,404 | 1,980,284 | D |
| Class B Common StockF12 | — | Jan 18, 2017 | M | 52,404 | A | — | — | Class A Common Stock | 52,404 | 52,404 | D |
| Class B Common StockF12,F13 | — | Jan 18, 2017 | C | 52,404 | D | — | — | Class A Common Stock | 52,404 | 0 | D |
Explanation of responses
- F1Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the settlement of the restricted stock units (the "RSUs") listed in Table II.
- F10Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F11The RSUs vest as to 1/16th of the total shares quarterly, beginning on January 15, 2014, subject to continued service through each vesting date.
- F12The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date.
- F13The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F14The option vests as to 1/48th of the total shares monthly, beginning on May 1, 2013, subject to continued service through each vesting date.
- F2Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
- F3Represents the number of shares that were acquired upon the conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of the stock option listed in Table II.
- F4The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.89 to $127.885 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.89 to $128.41 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.86 to $127.885 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.86 to $128.41 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F9Shares held of record by Sheryl K. Sandberg, Trustee of the Sandberg-Goldberg Family Trust Dated September 3, 2004.